Monday, 19 January 2015

The "Average" Options Homebuyer

Whether you are single, married, a single parent, a young adult, new to the country, some of the above or none of the above, access to and entry into the housing market seems to be getting further and further out of reach. 

Still, it's hard not to be taken aback when "the average first-time homebuyer" stats appear in local publications and they look like this:

Keep in mind that that is just the average. Many people, real estate agents included, believe that the real average cost of a home after bidding wars and taxes is really closer to $700,000-$800,000.

So what if you won't have financial support from your family? What if you don't have over 20% saved for a down payment? What if you don't make 55K a year? Should you give up on your dream of owning your own home in Toronto?

Options doesn't think so!

We compiled some statistics about the "average" Options homebuyer. The information was compiled from a survey of 100 purchasers in our two newest developments and from pre-existing statistics.

Most people who look at those statistics don't fit perfectly into all (or even any) of the categories. That's why "average" isn't a word used often to describe an Options purchaser.

It is interesting compare Options homebuyers to average homebuyers in Toronto but Options is anything but average.

Options has gotten individuals with income as low as $20,000 into home ownership and offers a down payment boosts to help you get into a home sooner (

Options CEO Mike Labbé created an entirely different home ownership model and we encourage everyone who has ever thought about purchasing a home to attend an information session and find out what Options is all about.

Visit us online at to learn more and register for a FREE information session.

And follow us on Twitter: @OptionsforHomes